"To service the loan" means to make regular payments, usually monthly, to repay the borrowed amount of money plus interest over a specific period of time.
Full definition
Similar and related words and phrases are presented below.
«service»
«loan»
Related phrases
Sentences with «to service the loan»
- In 2007, a countdown of sorts began for workers in the federal public service loan forgiveness program. (nytimes.com)
- The rules involve a stress test for all insured mortgage applications to ensure the borrower can still service their loan in the event interest rates rise or their personal financial situation changes. (moneysense.ca)
- The company services a loan portfolio of more than $ 52 billion and has over 300 loan origination experts in regional offices coast - to - coast. (reforum-digital.com)
- (see all
sentences)